PYMNTS

APRIL 28, 2020

Moving from paper to digital has evolved for business-to-consumer (B2C) payments in recent years, but upgrading business-to-business (B2B) payments has taken longer. There are more tools available than ever to help SMBs move their accounts payable (AP) and accounts receivable (AR) processes forward to become more efficient.

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Invoicing B2C B2B Accounts Payable 94

PYMNTS

DECEMBER 29, 2020

Now, with electronic processes in place in accounts payable (AP) and accounts receivable (AR) departments, businesses are in a more strategic position than ever before to elevate workflows and strengthen B2B relationships. B2B payments are messier than B2C payments," said Chanda.

B2B 114

B2B Reconciliations Accounts Payable Invoicing 114

PYMNTS

JUNE 20, 2019

This isn’t merely an issue for the B2C world, however. In accounts payable and accounts receivable, rising fraud mitigation efforts may also lead to more false positives, leading to declined commercial card transactions, misplaced suspicion between buyers and suppliers, delays in invoice processing and more.

B2B 73

B2B Accounts Payable Invoicing B2C 73

PYMNTS

OCTOBER 29, 2019

Developers are increasingly exploring how to address some of the biggest B2C payment friction points in the market, most notably the pain of renters making monthly payments to landlords, often via paper check or clunky, fee-heavy online payment portals.

B2C 41

B2C B2B Construction Accounts Payable 41

PYMNTS

FEBRUARY 1, 2021

It’s not that automating invoice generation, banishing checks, automating the cash application process and systematically removing all the manual touches from accounts payable (AP) and accounts receivable (AR) workflows weren’t unknown concepts among chief financial officers (CFOs) and treasury departments at the time.

B2B 94

B2B Treasury Accounts Payable Cash Management 94

PYMNTS

FEBRUARY 10, 2020

. “The SnapPay integration with [the] SAP digital payments add-on helps meet the unique needs of B2B and B2C customers,” said Dr. Oliver Kroneisen, vice president and head of financial operations development at SAP. “Brewster Home Fashions exemplifies how our continued commitment benefits customers.”

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SAP B2B Accounts Payable B2C 67

PYMNTS

OCTOBER 2, 2019

As a result, he predicted that the entrenchment of faster payments will be a linear progression that moves from consumer-to-consumer (C2C) to consumer-to-business (C2B), then to business-to-consumer (B2C) to business-to-business (B2B). So, from the beginning, start with the individual consumer. The Low-Hanging Fruit.

B2C 81

B2C B2B Accounts Payable Invoicing 81

PYMNTS

DECEMBER 30, 2020

Accounts payable (AP) departments were no longer in the office to cut paper checks, and accounts receivable (AR) personnel were no longer in the office to receive them. For some B2C firms, that meant expanding into the B2B market.

B2B 119

B2B Accounts Payable Invoicing B2C 119

PYMNTS

JANUARY 17, 2020

Accounts payable (AP) automation technology has hit the ground running, with solutions designed to accelerate invoice processing, optimize payment strategies and promote digital adoption. It’s among the biggest differences between B2B and B2C payments, Bar noted. ” Finding A Middle Ground. .” The result?

B2B 61

B2B Accounts Payable Invoicing B2C 61

PYMNTS

JUNE 13, 2019

It seems an especially low number when considering this stat: Only 3 percent of companies meet customer demands for instant business-to-consumer (B2C) payments. Stepping back from the granularities of B2C and B2B payments, though, the executive said the groundswell of faster payments is inexorable. Why B2B Lags. The Larger Picture.

B2C 66

B2C Cash Flow Forecasting B2B Accounts Payable 66

PYMNTS

FEBRUARY 24, 2020

Unlike simpler more streamlined business-to-consumer (B2C) purchasing, B2B sellers still ship goods or extend services on the promise of being paid later on an unspecified date, usually months. Those movements are being closely observed by cyber villains looking for their next big score. After all, B2B eCommerce will be a $1.1

B2B 73

B2B eCommerce Accounts Payable B2C 73

PYMNTS

MARCH 2, 2020

Corporate payments innovation has cast a wide net to tackle the many pain points businesses experience today, with accounts payable (AP) one of the most popular targets for disruptors. Many of the emerging payment scenarios are business-to-consumer (B2C), Mason explained, and stretch into many verticals.

B2C 60

B2C Accounts Payable Construction Accounting 60

PYMNTS

DECEMBER 31, 2019

Paper-based payment methods such as checks and cash are awkward and cumbersome in either business-to-business (B2B) or business-to-consumer (B2C) transactions. The negative impact that these increasingly outdated methods have on both senders and receivers has mostly been ignored, however. Manual processing challenges.

Accounts Payable 61

Accounts Payable Invoicing B2B B2C 61

PYMNTS

FEBRUARY 6, 2019

Coverage includes Deposit Solutions ’ rollout of business-to-consumer (B2C) open banking channel Savedo in Switzerland. Yooz launched an automated accounts payable (AP) solution based on the cloud for the U.K. Yooz launched an automated accounts payable (AP) solution based on the cloud for the U.K. In the U.K. ,

B2C 43

B2C Retail Accounts Payable Invoicing 43

PYMNTS

FEBRUARY 16, 2018

While WeTravel primarily operates in the B2C payments space, the payments company — which enables entrepreneurs and small travel companies to accept and manage payments for group travel — recently told PYMNTS it is open to exploring an entrance in the corporate travel space as well. Accounts Payable Automation. Corporate Travel.

B2B 49

B2B Accounts Payable B2C Invoicing 49

PYMNTS

DECEMBER 30, 2020

Snap Accounts Payable, otherwise known as SnapAP, has announced the completion of the first stage of funding from angel investors as it continues on its way toward a planned $2 million seed investment round.

B2B 84

B2B eCommerce Banking Accounts Payable 84

PYMNTS

FEBRUARY 14, 2017

Mastercard struck a deal to help automate the accounts payable process for businesses in the United Arab Emirates , reports said Sunday (Feb. The credit card firm inked a partnership with technology firm Swipezoom, which operates in both the B2B and B2C spaces.

Accounts Payable 40

Accounts Payable B2C B2B Invoicing 40

PYMNTS

JULY 16, 2020

Force-fitting a B2C-based eCommerce platform for a B2B sales context can mean a lack of payments features corporates need, like the ability to facilitate check transactions and establish custom payment terms. .” Payments workflows are a particularly large hurdle in this space. ”

B2B 59

B2B eCommerce B2C Accounts Payable 59

PYMNTS

NOVEMBER 18, 2016

MC Payment offers an array of B2C and B2B payment solutions, but its most recent offering is Xaavan, a B2B supply chain payments and eInvoicing platform. Procurify offers a cloud- and mobile-based procurement and accounts payable solution to help companies analyze and manage spend. Cybersecurity.

B2B 74

B2B Accounts Payable Startups B2C 74

PYMNTS

JULY 14, 2017

Disruptors in B2B payments have an opportunity to access larger profit margins, it continued, in a market less saturated than the B2C payments space. The FinTech industry has risen to the challenge of knocking out many of those legacy solutions, and innovation in accounts receivable and accounts payable is on the upswing.

Accounts Payable 46

Accounts Payable B2B B2C Accounting 46

PYMNTS

JUNE 8, 2020

That’s the idea behind VeganPay , a new B2B and B2C payments solution rolled out by VeganNation , a U.K. For some markets, the “build” strategy may be more effective at improving B2B payment workflows that address those nuances. organization dedicated to fostering growth and sustainability of the global vegan community.

B2B 63

B2B Accounts Payable Currencies B2C 63

PYMNTS

OCTOBER 6, 2020

Every company in the world is wrestling right now with their accounts payable (AP) and accounts receivable (AR) and they are pondering why they are still reliant on physical checks. Those platforms make it easier for buyers and suppliers to transact in a “consumerized” manner that echoes the simplicity of B2C commerce today.

B2B 84

B2B Treasury Communication Accounts Payable 84

PYMNTS

JUNE 9, 2017

In corporate accounting, accounts payable and B2B payments, traditional FIs are slowing down innovation that could one day bring these areas up to speed with corporate payments, the executive explained. But electronic and automated payments are just one side of the overall friction in accounts payable, Dahl said.

Accounting 43

Accounting Technology Accounts Payable Invoicing 43

PYMNTS

SEPTEMBER 4, 2018

But Deutsche Bank’s report suggests corporates are headed towards real-time payments disruption — even if they don’t deploy real-time payments for their accounts payable operations. “As

Foreign Exchange 40

Foreign Exchange Banking Accounts Payable Treasury 40

PYMNTS

AUGUST 15, 2018

However, accounts payable (AP) service providers have more on their plate than simply making it easier for companies to pay their invoices digitally. Scott noted that one of the biggest reasons why is service providers’ failure to adequately address vendors’ needs in the accounts receivable department.

B2B 40

B2B Accounts Payable B2C Reconciliations 40

PYMNTS

MAY 5, 2016

“Three quarters of all B2B transactions still happen through paper or PDF,” notes Galarza, and require the need for both an accounts receivable and an accounts payable department. Meanwhile, in a B2C transaction, “the consumer can simply pull up their credit card to pay for goods and services.”. Australia … the U.K.,

B2C 43

B2C B2B Accounts Payable Invoicing 43

PYMNTS

DECEMBER 26, 2019

The last decade of B2B FinTech innovation not only led to an explosion of product options for businesses to manage a variety of processes, including accounts receivable (AR), accounts payable (AP) and accounting.

Accounting 53

Accounting B2B Accounts Payable B2C 53

PYMNTS

NOVEMBER 3, 2020

FINTAINIUM is combining its Account Receivables and Payables Management Platform with Everlink's eHUB Digital Payments Platform to support real-time B2B and B2C payments that adhere to ISO 20022 payments messaging standards. One FI, First Bank, told the publication why B2B use cases are upping the demand for real time.

B2B 56

B2B Foreign Exchange Currencies Accounts Payable 56

PYMNTS

MAY 4, 2018

“B2B payments innovation seems to fall behind B2C and P2P,” she said. B2B payments haven’t necessarily taken up the capabilities so quickly, however, largely attributed to businesses’ need to manage cash flow by strategically timing accounts payable.

Marketing 46

Marketing B2B Accounts Payable B2C 46

PYMNTS

OCTOBER 31, 2019

With FinTech innovation yielding more choices than ever for both billers and payers, cost often emerges as the key driver behind what solutions users adopt — both in the business-to-consumer (B2C) and business-to-business (B2B) context. That PO must be sent to a vendor, which must then process that document and send back an invoice.

B2B 41

B2B B2C Accounts Payable Invoicing 41

PYMNTS

APRIL 22, 2016

The venture capital world lit up last week with reports that B2B tech startups are now seeing increased funding, raising money at a faster pace than B2C startups. Transactis’ Series E funding is a massive show of support by traditional FIs for the digitization of the accounts payable and B2B payments space.

B2B 40

B2B Banking B2C Invoicing 40

PYMNTS

FEBRUARY 11, 2020

B2C Brands’ B2B Risks. .” He pointed to corporates’ use of a business mail exchange as one source of public information that can be used by phishers to identify which email service a company uses, for example.

B2B 58

B2B Accounts Payable B2C Invoicing 58

PYMNTS

MAY 24, 2018

“The difficulty managing multiple payment service providers exists for both B2B and B2C eCommerce players,” Oren Levy, founder and CEO of payments company Zooz , noted in a recent interview with PYMNTS. “At their core, merchants want more clients buying a product or service. .

B2B 45

B2B B2C eCommerce Accounts Payable 45

PYMNTS

DECEMBER 23, 2020

Businesses that are quick to embrace new technologies that can help them remove redundancies in their O2C processes are likelier to be more adept at adjusting to the changing dynamics brought on by the pandemic and will be better positioned to keep up with competition as B2B commerce goes global and becomes as interconnected as the B2C world.

B2B 71

B2B B2C Invoicing Technology 71

PYMNTS

NOVEMBER 20, 2017

Phalen pointed out that the successful test in Singapore and the broader mission of Visa B2B Connect isn’t just looking at individual points of friction in corporate payments, like digitizing accounts payable or electronifying invoices.

B2B 52

B2B Accounts Payable B2C Leverage 52

PYMNTS

SEPTEMBER 4, 2018

As instant payment schemes continue to roll out across the world, this not only impacts B2C companies, but also has a knock-on effect on the full value chain of globally connected corporates,” said Deutsche Bank Head of Cash Products, Global Transaction Banking Shahrokh Moinian in a statement announcing the report.

Treasury 44

Treasury Foreign Exchange B2B Accounts Payable 44

PYMNTS

AUGUST 24, 2018

million to the company that deploys machine learning to accelerate supplier payments in the accounts payable department. Augmentum Fintech announced its investment in Tide at the same time it revealed two other B2B FinTech targets. The firm also invested in B2B payments company Previse, providing $2.6 In all, Previse raised $6.8

B2B 40

B2B Finance Accounts Payable B2C 40